Elkhart Composites manufactures composite products for sidewalls and ceilings, which are durable, lightweight, sustainable alternatives to wood products.
Production for export was at its lowest so far for 2024, with Q4 volumes dropping 11.2% from the same quarter last year. Nevertheless, year-to-date production for export was up 15.4% due to the very strong first half of 2024.
David Neal will succeed Andy Konieczka, who has decided to retire in early March following a long career with Georgia-Pacific and its parent company, Koch, Inc.
The company’s newest truss plant is a 29,016-square-foot building which sits on 8.8 acres. The truss plant will primarily construct roof trusses.
Price for lumber exported from New Zealand added 0.3%.
Price for wood chips exported from Vietnam to Japan slipped 0.1%.
The price for the particle board was 5% less than a year ago.
Inventories increased for the second straight month.
Timber price lists increased in southern Norrland and Svealand on February 3.
This continues a rising trend since 2020, when the first payments amounted to SEK 3 million.
Price for softwood wood chips imported to Turkey decreased 36%.
Price for wood pellets exported from Vietnam to Japan decreased 6%.
Indonesia remained the largest supplier, accounting for 33% of Japan’s plywood imports.
Lithuanian SBA Group to build new furniture factory in North Carolina. It is expected to be operational by the end of 2025, with an initial investment of around $70 million.
The boxboard operating rate was 84.7%, up 3.8 points from the same quarter last year and up 3.3 points year-to-date.
In this capacity, Chad Corte is responsible for the company’s operations in Three Rivers, Michigan which include R&D, manufacturing, and commercial activities.